Receive one point per dollar spent, and redeem points for gifts and travel packages

Auto rental insurance

Travel accident insurance coverage

Use your card wherever Visa is accepted

Expert Reviews

From the CompareCards.com Editorial Team

Anyone looking for a low long-term interest rate on a credit card should consider the First Option Platinum as one of their first options.

Expert Reviews of the First Option Bank Visa Platinum Credit Card

5.0

Regular APR

0.0

Intro APR

0.0

Fees

3.0

Benefits

4.0/5

Overall Rating

The Bottom Line

The rewards accumulate slower than with many rewards programs. But thanks to the low APR so do the interest charges. That makes this a competitive card for anyone who wants to carry a balance on their plastic.

The Good

There is no annual fee, and cardholders earn one point for every dollar spent, with no limits on how much you can earn. The card also offers perks like travel accident and auto rental insurance coverage, and one of the lowest interest rates you’ll find on a credit card.

The APR for balance transfers and purchases is 9.17%. That is such a competitively low rate that it qualifies as one of the card’s most attractive selling points. By contrast, the APR rates on most cards are considered negative features because they are too expensive.

The Not So Good

The APR for cash advances is 18%, and there is a cash advance surcharge of either $5 or 2% per transaction, whichever is greater. There is also a 2% foreign transaction fee.

Disclaimer:
This content is not provided by the card issuer. Any opinions, analyses, reviews or recommendations on this page have not been reviewed, approved or otherwise endorsed by the card issuer. Terms, offers, conditions and rates were correct at the time of writing but may have changed since and not been updated on this page. For up-to-date terms, offers, rates and conditions, please see the issuer’s site.

Consumer Reviews

Thank you. Your review has been submitted and is pending editorial review.

There is nothing we value more than the opinions of our customers. We encourage open discussions among all users and hope we can all share advice. Please keep our site clean and safe by following our posting guidelines and please, don’t disclose personal information like your credit card numbers or account information.

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Highlights

0% Intro APR on Balance Transfers for 24 months; after that, the variable APR will be 13.49%-23.49% based upon your creditworthiness.*

0% Intro APR on Purchases for 12 months; after that, the variable APR will be 13.49%-23.49% based upon your creditworthiness.*

If you transfer a balance with this offer, after your 0% Intro purchase APR expires, both new purchases and unpaid purchase balances will automatically accrue interest until all balances, including your transferred balance, are paid off.

There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.

Highlights

New! We’ll monitor your Social Security Number. Get an alert if we find your Social Security Number on any of thousands of risky websites.* Activate for FREE.

You could turn $150 into $300 with Cashback Match™. Get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically.

Earn 5% cash back in rotating categories each quarter like gas stations, Amazon.com, restaurants, wholesale clubs and more, up to the quarterly maximum each time you activate. Plus, 1% cash back on all other purchases.

Redeem your cash back for any amount, any time. Cash rewards never expire.

100% U.S. based customer service.

Get your FICO® Credit Score for free on monthly statements, on mobile and online.

Community

Company

Download Our Free Mobile App

*General Disclaimer:See the online credit card application for details about terms and conditions. We make every effort to maintain accurate information. However, all credit card information is presented without warranty. To confirm terms and conditions, click the "Apply Now" button and review info on the secure credit card terms page.Advertiser Disclosure

ADVERTISER DISCLOSURE

CompareCards is an independent, advertising-supported credit comparison service. Offers which appear on CompareCards.com are from companies with which CompareCards.com receives compensation. This compensation may impact the location and order in which these products appear. CompareCards.com takes into consideration several proprietary rules and the likelihood of an applicants’ credit approval to determine how and where products appear on the site. CompareCards.com does not include the entire universe of available credit or financial offers.

About Our Ratings

Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. The ratings are the expert opinion of our editors, and not influenced by any remuneration this site receives from card issuers.

Excellent Credit

700 or Higher

Credit cards for excellent credit are intended for those with a credit score of 700 or Higher.

Good Credit

700 or Higher

Credit cards for excellent credit are intended for those with a credit score of 700 or Higher.

Fair Credit

Between 600 - 659

Credit cards for fair credit are intended for those with a credit score between 600 - 659.

Bad Credit

599 or Lower

Credit cards for bad credit are intended for those with a credit score of 599 or Lower.

No/Limited Credit

- - -

Credit cards for no credit are intended for those without an established credit score.